Tagged: hedge funds

The weak link in bank reform

The financial regulatory reform legislation likely to be sent soon to President Obama calls for the biggest banks and hedge funds to put up some $20 billion in fees to pay the costs of additional oversight by regulators.  But even that won’t help regulators don’t quickly upgrade the training and standards of rank-and-file examiners, says Mark […]

Tax hikes for investment partnerships

A long fight over how the federal government taxes investment partnerships is ending as Senate Democrats now plan to more than double taxes on private-equity, hedge-fund and certain real-estate managers.  It would no longer let people running such partnerships pay the lower capital-gains taxes on what were basically wages.  The tax hike on “carried interest” expected […]

Pequot Capital Management hedge fund closes

Under the shadow of an insider-trading probe, pioneering hedge fund Pequot Capital Management is shutting down forever.  School of Law Professor Tamar Frankel, an authority on securities law and legal ethics, says this is another lesson in why hedge funds should not be exempt from regulation. Contact Tamar Frankel, 617-353-3773, tfrankel@bu.edu

G-20 and international regulatory reform

Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, says the G-20 communique outlining new international financial regulatory reforms marks a new era. “The specificity of the G-20 pact signals a new era of cross-border cooperation on an array of regulatory […]